CAPE CORAL, Fla. —
The developers of the Gulf Gateway Resort and Marina in Cape Coral are requesting city approval to establish a community development district for their 47-acre Seven Islands project, following months of debate sparked by the illegal removal of mangroves on the 7th Island.
A CDD operates like a mini-government for a specific project, with a five-member board authorized to oversee infrastructure and maintenance, including roadway improvements, water lines, drainage, environmental work, and landscaping. Developers typically use CDDs to issue bonds and borrow money for such projects…